USDC circulation decreased by approximately 1.1 billion in the past 7 days

CoinFeed June 27 news, according to official data, in the 7 days ending June 25, Circle issued about 6 billion USDC and redeemed about 7.1 billion USDC, with circulation decreasing by about 1.1 billion. The total circulation of USDC is 73.6 billion, and reserves are about $73.9 billion, including approximately $52.2 billion in overnight reverse repurchase agreements, about $10 billion in Treasury securities with maturities less than 3 months, about $11 billion in systemically important institutional deposits, and about $700 million in other bank deposits.